SmartRent Inc. announced that it has received formal notice from the New York Stock Exchange (NYSE) confirming it has regained compliance with the NYSE’s continued listing criteria for minimum share price. This resolves the non-compliance notice issued on May 2, 2025, which indicated the company's average closing share price had fallen below $1.00.
CEO Frank Martell expressed satisfaction with resolving the matter and reaffirmed the company's focus on executing its strategy and driving long-term value. Regaining compliance removes a significant regulatory overhang and potential delisting risk that had been a concern for investors.
This development is crucial for maintaining the company's listing on a major exchange, ensuring continued liquidity and access for institutional investors. It signals a stabilization in the company's market valuation relative to the NYSE's requirements.
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